Should we try renegotiate or stay quiet?

lookstraightahead

YoungBlueEyes said:

A few things we took into consideration while house hunting had more of an effect on the desirability of a house for us than pure room sizes. Whilst important, if furniture fits then that’s all we needed to know. In some ways the more important aspects were things like - good road/area, proximity to shops, off street parking, garden facing the right way round, are the neighbours raging heathens etc etc. 

The cost of the house wasn’t purely about size to us.  We could’ve bought a bigger house in a worse area for kinda similar money. But we did not. 

Totally agree with the above but it's still a factor when valuing a property.

YoungBlueEyes

Yep true. I’m not for living in 5ft rooms just because the house is at the right end of town, so size is definitely a factor.

Woolsery

YoungBlueEyes said:

A few things we took into consideration while house hunting had more of an effect on the desirability of a house for us than pure room sizes. Whilst important, if furniture fits then that’s all we needed to know. In some ways the more important aspects were things like - good road/area, proximity to shops, off street parking, garden facing the right way round, are the neighbours raging heathens etc etc. 

The cost of the house wasn’t purely about size to us.  We could’ve bought a bigger house in a worse area for kinda similar money. But we did not. 

As above. We lived for 21 years in a long cul-de-sac of similar design properties, but wouldn't have considered some of the  houses due to plot size, orientation and limitations on further development.

Sarah1Mitty2

user1977 said:

lookstraightahead said:

MysteryMe said:

in_my_wellies said:

The house I rent has a huge hall, described by the EA as 'dining hall' but in reality it's a waste of space, difficult to heat and awkward to furnish with so many doors. This space is included in the size whereas the house I own in Devon Is a Devon longhouse with no hall at all, every part is useful. On paper a smaller house but in reality much larger 

I think you've highlighted in one simple paragraph why trying to extrapolate meaningful information based purely on square footage calculations is largely a waste of time. That's assuming that an unqualified person is capable of producing an accurate set of measurements in the first place.

It's not a waste of time to lenders. One could argue that misinformation has an affect on the decision of the lender.

it might be a waste of time to the buyer, but usually it's not their risk.

In which part of the process do you think the lender pays attention to how the agents have described or measured the rooms?

The valuation?

lookstraightahead

Sarah1Mitty2 said:

user1977 said:

lookstraightahead said:

MysteryMe said:

in_my_wellies said:

The house I rent has a huge hall, described by the EA as 'dining hall' but in reality it's a waste of space, difficult to heat and awkward to furnish with so many doors. This space is included in the size whereas the house I own in Devon Is a Devon longhouse with no hall at all, every part is useful. On paper a smaller house but in reality much larger 

I think you've highlighted in one simple paragraph why trying to extrapolate meaningful information based purely on square footage calculations is largely a waste of time. That's assuming that an unqualified person is capable of producing an accurate set of measurements in the first place.

It's not a waste of time to lenders. One could argue that misinformation has an affect on the decision of the lender.

it might be a waste of time to the buyer, but usually it's not their risk.

In which part of the process do you think the lender pays attention to how the agents have described or measured the rooms?

The valuation?

I think what user1977 is getting at is that estate agents are rarely accurate with their messurements.

it is up to the lender to ensure the measurements are correct and they do use them when valuing properties, which is obvious when you look at the difference in price between a shed and a mansion. They can't value a house on whether the buyer's sofa fits under the window or it kind of feels nice and right. 😬

jimbog

lookstraightahead said:

Sarah1Mitty2 said:

user1977 said:

lookstraightahead said:

MysteryMe said:

in_my_wellies said:

The house I rent has a huge hall, described by the EA as 'dining hall' but in reality it's a waste of space, difficult to heat and awkward to furnish with so many doors. This space is included in the size whereas the house I own in Devon Is a Devon longhouse with no hall at all, every part is useful. On paper a smaller house but in reality much larger 

I think you've highlighted in one simple paragraph why trying to extrapolate meaningful information based purely on square footage calculations is largely a waste of time. That's assuming that an unqualified person is capable of producing an accurate set of measurements in the first place.

It's not a waste of time to lenders. One could argue that misinformation has an affect on the decision of the lender.

it might be a waste of time to the buyer, but usually it's not their risk.

In which part of the process do you think the lender pays attention to how the agents have described or measured the rooms?

The valuation?

I think what user1977 is getting at is that estate agents are rarely accurate with their messurements.

it is up to the lender to ensure the measurements are correct and they do use them when valuing properties, which is obvious when you look at the difference in price between a shed and a mansion. They can't value a house on whether the buyer's sofa fits under the window or it kind of feels nice and right. 😬

I would be very surprised if the lender checks the estate agents measurements or in fact takes any measurements of their own 

user1977

jimbog said:

lookstraightahead said:

Sarah1Mitty2 said:

user1977 said:

lookstraightahead said:

MysteryMe said:

in_my_wellies said:

The house I rent has a huge hall, described by the EA as 'dining hall' but in reality it's a waste of space, difficult to heat and awkward to furnish with so many doors. This space is included in the size whereas the house I own in Devon Is a Devon longhouse with no hall at all, every part is useful. On paper a smaller house but in reality much larger 

I think you've highlighted in one simple paragraph why trying to extrapolate meaningful information based purely on square footage calculations is largely a waste of time. That's assuming that an unqualified person is capable of producing an accurate set of measurements in the first place.

It's not a waste of time to lenders. One could argue that misinformation has an affect on the decision of the lender.

it might be a waste of time to the buyer, but usually it's not their risk.

In which part of the process do you think the lender pays attention to how the agents have described or measured the rooms?

The valuation?

I think what user1977 is getting at is that estate agents are rarely accurate with their messurements.

it is up to the lender to ensure the measurements are correct and they do use them when valuing properties, which is obvious when you look at the difference in price between a shed and a mansion. They can't value a house on whether the buyer's sofa fits under the window or it kind of feels nice and right. 😬

I would be very surprised if the lender checks the estate agents measurements or in fact takes any measurements of their own 

I would be surprised if they rely on them to any extent, or even look at the EA's schedule. Either they visit the property and can see for themselves what size it is, or they do a desktop valuation based on e.g. other 3 bed semis in the area, and the room sizes don't come into it.

Sarah1Mitty2

lookstraightahead said:

Sarah1Mitty2 said:

user1977 said:

lookstraightahead said:

MysteryMe said:

in_my_wellies said:

The house I rent has a huge hall, described by the EA as 'dining hall' but in reality it's a waste of space, difficult to heat and awkward to furnish with so many doors. This space is included in the size whereas the house I own in Devon Is a Devon longhouse with no hall at all, every part is useful. On paper a smaller house but in reality much larger 

I think you've highlighted in one simple paragraph why trying to extrapolate meaningful information based purely on square footage calculations is largely a waste of time. That's assuming that an unqualified person is capable of producing an accurate set of measurements in the first place.

It's not a waste of time to lenders. One could argue that misinformation has an affect on the decision of the lender.

it might be a waste of time to the buyer, but usually it's not their risk.

In which part of the process do you think the lender pays attention to how the agents have described or measured the rooms?

The valuation?

I think what user1977 is getting at is that estate agents are rarely accurate with their messurements.

it is up to the lender to ensure the measurements are correct and they do use them when valuing properties, which is obvious when you look at the difference in price between a shed and a mansion. They can't value a house on whether the buyer's sofa fits under the window or it kind of feels nice and right. 😬

Deliberately do you think?